Unconditional Purchase Obligations. The Borrower will not, and will not permit any Credit Party to, enter into or be a party to, any material contract for the purchase of materials, supplies or other property or services, if such contract requires that payment be made by it regardless of whether or not delivery of such materials, supplies or other property or services is ever made.
Appears in 5 contracts
Sources: Tranche B Credit Agreement (Microcell Telecommunications Inc), Tranche a Exit Facility Agreement (Microcell Telecommunications Inc), Term Loan Agreement (Microcell Telecommunications Inc)
Unconditional Purchase Obligations. The Borrower will not, and will shall not permit any Credit Party to, enter into or be a party to, to any material contract for the purchase or lease of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeservices.
Appears in 3 contracts
Sources: Reimbursement Agreement (Clearwater Paper Corp), Reimbursement Agreement (Cellu Tissue Holdings, Inc.), Reimbursement Agreement (Cellu Tissue Holdings, Inc.)
Unconditional Purchase Obligations. The No Borrower will not, and will not permit any Credit Party to, shall enter into or be a party to, to any material contract for the purchase of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeservices.
Appears in 2 contracts
Sources: Loan and Security Agreement (BG Staffing, Inc.), Loan and Security Agreement (LTN Staffing, LLC)
Unconditional Purchase Obligations. The Borrower will shall not, and will shall not permit any Credit Party toAffiliate, to enter into or be a party to, to any material contract for the purchase of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeservices.
Appears in 2 contracts
Sources: Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.)
Unconditional Purchase Obligations. The Each Borrower will not, and will shall not permit any Credit Party to, enter into ---------------------------------- or be a party to, to any material contract for the purchase of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeservices.
Appears in 2 contracts
Sources: Loan and Security Agreement (Amrep Corp.), Loan and Security Agreement (Amrep Corp.)
Unconditional Purchase Obligations. The Borrower will shall not, and will not permit any Credit Party towithout the prior written consent of the Bank, enter into or be a party to, to any material contract for the purchase of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeservices.
Appears in 2 contracts
Sources: Loan and Security Agreement (PLM Equipment Growth Fund V), Loan and Security Agreement (PLM Equipment Growth Fund V)
Unconditional Purchase Obligations. The Borrower will not, and will shall not permit any Credit Party to, enter into or be a party to, to any material contract for the purchase of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeprovided however that the Borrower may, in the ordinary course of business enter into “take or pay” contracts with natural gas, water and electric utilities under commercially reasonable terms.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (REX AMERICAN RESOURCES Corp)
Unconditional Purchase Obligations. The Each Borrower will not, and will shall not permit any Credit Party to, enter into or be a party to, to any material contract for the purchase of materials, supplies or other property or services, services if such contract requires that payment be made by it regardless of whether or not delivery is ever made of such materials, supplies or other property or services is ever madeservices.
Appears in 1 contract